Trump nominates homebuilder scion to oversee Fannie, Freddie
The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3M followers on X
by Matt Carter Jan 16
US credit ratings could soon be another worry for mortgage rates
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
by Matt Carter Nov 14
That big Fed rate cut was no panacea for housing: Fitch analysts
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening
by Matt Carter Sep 19
Mortgage rates are in free fall on a triple whammy of economic news
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds and MBSs that fund home loans
by Matt Carter Aug 2
Rocket Mortgage picks up market share — and turns a tidy Q1 profit
On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291M in net income as revenue grew 107% from a year ago, to $1.38B
by Matt Carter May 2
Rates ease as Fed says it will dial back balance sheet tightening
Fed policymakers will slow the pace of 'quantitative tightening' — an unwinding of the central bank's $7T balance sheet — to $40B a month, less than half the pace envisioned 2 years ago
by Matt Carter May 1
Fed preparing to slow the pace of 'quantitative tightening'
In addition to anticipating 3 rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7T balance sheet
by Matt Carter Mar 20
Mortgage rates ease for 2nd consecutive day on inflation data
'Quantitative tightening' — the Federal Reserve's moves to trim $35B in mortgages from its balance sheet each month — could keep mortgage rates from falling dramatically this year
by Matt Carter Mar 1
Institutional investors are scooping up Kiavi's 'fix and flip' bridge loans
Kiavi upsizes its 16th securitization to $350M and says oversubscribed offering is company's biggest since November 2021, bringing total issuance since 2019 to $4B
by Matt Carter Feb 26
Office space fallout raises more questions about regional banks
Regional banks are in the spotlight again as cracks begin to show in their balance sheets due to the ongoing distress in the commercial real estate sector
by Ben Verde Feb 9
Mortgage applications hit 28-year low as bond selloff keeps rates up
Mortgage rates continued their relentless rise this week to levels not seen in 2 decades, fueled by a bear market for bonds that fund government borrowing and most home loans
by Matt Carter Oct 18
Housing groups including NAR float wonky idea to cut mortgage rates
NAR united with lending groups on Thursday to urge the Fed to maintain its current mortgage holdings in order to narrow a wide 'spread' between 10-year Treasurys and rising mortgage rates
by Matt Carter Oct 13
Drop in bond yields could also give mortgage rates room to ease
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back down to where they were at the beginning of October
by Matt Carter Oct 11
Call to end rate hikes grows louder as housing groups confront Fed
MBA, NAR and NAHB warned in a joint letter Monday that uncertainty over the Federal Reserve's next moves is disrupting the housing sector and threatens to send the US economy into a tailspin
by Matt Carter Oct 9
Institutional investors warming up to home equity agreements
DBRS Morningstar's rating of $224M securitization by Unlock and Saluda could boost investor appetite for agreements that let owners cash out equity in exchange for a stake in their home
by Matt Carter Oct 6